Monetary Policy, Leverage, and Bank Risk Taking /

We provide a theoretical foundation for the claim that prolonged periods of easy monetary conditions increase bank risk taking. The net effect of a monetary policy change on bank monitoring (an inverse measure of risk taking) depends on the balance of three forces: interest rate pass-through, risk s...

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Dettagli Bibliografici
Autore principale: Dell'Ariccia, Giovanni
Altri autori: Laeven, Luc, Marquez, Robert
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Working Papers; Working Paper ; No. 2010/276
Accesso online:Full text available on IMF